The recent 5-day rally might be hitting its ceiling. Looking at the current momentum and resistance levels, I'm leaning toward testing lower prices in the near term. The pullback could be more substantial than most are expecting right now.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
22 Likes
Reward
22
8
Repost
Share
Comment
0/400
AlphaLeaker
· 22h ago
A typical techie statement... but this wave of growth has been a bit rapid, so we really need to be cautious.
View OriginalReply0
HalfIsEmpty
· 01-07 13:12
I've seen it coming; this rapid rise is likely to lead to a sell-off.
View OriginalReply0
GasWaster
· 01-06 22:47
Here comes the negativity again. This wave can still push a bit further, don't be so pessimistic.
View OriginalReply0
BearMarketSunriser
· 01-06 22:39
You're back to bearish talk again, hearing this kind of rhetoric every day, but this time the data actually seems to have some substance...
View OriginalReply0
just_vibin_onchain
· 01-06 22:36
Alright, the five-day rebound has reached its limit, I think so too... I'll have to wait for a major pullback.
View OriginalReply0
blockBoy
· 01-06 22:30
Well, I also have some doubts about whether this wave of growth can continue to push higher. It feels like selling pressure is about to come.
View OriginalReply0
TheMemefather
· 01-06 22:28
Wow, the five-day increase is about to peak? I don't think it's that simple; I feel like there's still some room to play around.
View OriginalReply0
degenwhisperer
· 01-06 22:28
Hmm... Has the five-day rally come to an end? I don't think we've seen the bottom yet. This wave of decline might really scare a lot of people to death.
The recent 5-day rally might be hitting its ceiling. Looking at the current momentum and resistance levels, I'm leaning toward testing lower prices in the near term. The pullback could be more substantial than most are expecting right now.